By Neil Hume and Robert Orr
Published: June 30 2007 03:00 | Last updated: June 30 2007 03:00
EXTRACT
Royal Dutch Shell enjoyed further gains. Up 2.6 per cent on Thursday after Morgan Stanley said the company was undervalued by £60bn, shares in the energy group gained a further 1.1 per cent to £20.83 thanks to a rising crude price and positive comments from Credit Suisse.
Reiterating its £22 target price, the broker said there could be $25bn (£12.5bn) of disposals in the pipeline as the company continues its restructuring programme.
“Disposals, if well executed, could drive the shares closer to fair value, improve operation efficiency and allow staff to be redirected to growth areas,” the broker said.
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All conjured up by internet wizz, Nick Gill.
